Allstate Lending Group Mortgage Refinance

Allstate Lending Group Mortgage Refinance Review

Allstate Lending Group Mortgage Refinance is offered by Allstate Lending Group (NMLS #272985), a direct lender founded in 1995 and based in Monterey Park, CA. Allstate Lending Group Mortgage Refinance is available in 1 state across the USA.

Key Takeaways

• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Non-standard interest rates available. Allstate Lending Group Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, Allstate Lending Group Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
• Long loan terms. Allstate Lending Group Mortgage Refinance offers mortgage terms of up to 40 years. Most mortgage refinancing loans have a maximum term of 30 years.

Allstate Lending Group Mortgage Refinance Pros & Cons

Pros	Cons
	Charges an origination fee. Charges prepayment fees. Only available in 1 state.

Allstate Lending Group Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Allstate Lending Group Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Allstate Lending Group Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 40 years.

How long does Allstate Lending Group Mortgage Refinance take to refinance?

Allstate Lending Group Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Allstate Lending Group Mortgage Refinance charge a mortgage origination fee?

Yes, Allstate Lending Group Mortgage Refinance will charge a loan origination fee.